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When the stock market booms gold and silver prices usually get temporarily held back as investors sell off to join the Wall Street stampede.

Post by Janet Jones
on January 19, 2011

January 19, 2011 – When the stock market booms gold and silver prices usually get temporarily held back as investors sell off to join the Wall Street stampede. That mob mentality creates exceptional opportunities for those who refuse to fall victim to the charade and instead take advantage of the bargain prices for gold and silver.

The “urge to buy shares after the stock market has risen has nothing to do with the economic outlook or investment risks,” say Brett Arends in the Wall Street Journal. “It’s instinct.” It is also a sure fire way to lose money. Buying in boom times and selling when the market slumped over the past two decades would have produced an annual loss of 8.5%.

The herd won’t stampede on its own, and Wall Street knows it. Since last summer PR departments up and down the street have been working overtime to whip up enthusiasm for stocks and have succeeded in pushing prices up to and over fair market value. They point to soaring quarterly profits to justify the lofty prices, but such short-term news has absolutely no relevance to long-term performance. In fact, it would take the accumulated profits over 10 years just to account for 25% of market value. The plain truth is “data suggest that shares are on the pricey side, and that long-term returns from these levels may well prove disappointing.”

It seems that some people never learn their lessons. The Wall Street pitchman today are the same ones who brought us the infamous “sales” of 1999 and 2007 and once again investors are listening to the siren song.

Today, as it was then, the winners will be those who buck the crowd and buy gold and silver before the others regain their senses and start driving prices back up to their true market value.